Rivlin Says Economy Is Solid,
Not Worried About Inflation

AP-Dow Jones News Service

Updated Jan. 9, 1997 12:29 a.m. ET

NEW YORK -- Federal Reserve Board Vice Chairman Alice Rivlin said Wednesday that she sees the U.S. economy in an ideal stage "with low employment and non-accelerating inflation," a stage that she said has simply surprised most economists.

Despite this ideal stage, Ms. Rivlin said "part of the Federal Reserve's job is to worry that the economy might overheat and cause inflation that would be costly to stop."...